Rural Broadband firm runs out of cash

[GrumbleDook]

BBC News - Next Genus: Rural broadband firm runs out of cash

 

The rural broadband firm Next Genus has signalled that it is on the brink of collapse.

 

On its blog, the company announced that it had failed to find any "viable sources of finance" and would soon cease operations.

 

The company tried to bring high-speed net services to rural areas by using local champions and private finance.

 

Rival net firms have stepped in to keep customers connected in some areas, but others have effectively been cut off.

[localzuk]

"Customers will be receiving an email in the near future giving more information."

 

Not a lot of use if they've cut their net connections off!!

[jamesfed]

"Customers will be receiving an email in the near future giving more information."

 

Not a lot of use if they've cut their net connections off!!

 

Carrier Pigeon might work better

 

Poor guys though - after so much money was spent bailing out the banks you would have thought that a company trying to 'do the right thing' would be able to turn somewhere. (lets not go into how it was important that the banks were bailed out thats not where I am going with here!)

[jamesreedersmith]

One of their sites is up the road from me -fortunately i have good old adsl and not them so I'm OK!

 

The service is/was good though (fast and stable) but shame its ending - it was a good scheme.

[cpjitservices]

They are based in the city i live in not far from where I live, I happen to know the guys very well, it is a shame it's ending for Hull as we don't have many suppliers due to KC having the monopoly in the city, BUT there are 1 or 2 other WISP's in the City.